With the very small number of condos and attached-style homes available to
view by condo shoppers, Vancouver's condo market is very challenging at this
time. Here are the highlights for
A "First" for this report is this month's zero-count for both Bank-owned and
Short Sale closings (although there are several short-sale pending listings, and
a few pending bank-owned condos).
The Custom Condo Charts we've prepared and shown below will help with the remainder of our report.
We should typically see February starting to show more closed units than the
low in January however, with so many resale condos purchased last year, it
should be no surprise that there will be fewer closed sales when there are fewer
condos to purchase.
Average Condo Sales-Price levels are now in record setting territory (see below), starting the new year at a much higher position than expected..
RMLS charts below illustrate the recent twelve (12) months of condo market results - through February 2016, for Unit Sales, Average & Median Prices; and Days on Market:
From the above charts we see that the average list price for new listings is dramatically above both previous levels and above the closed-sales-price levels. We also see that the most-recent Median Days on Market is at 8 Days - the lowest level seen in years!
Thanks for viewing our report on the Vancouver WA Condo Market. Please contact us with any questions or comments; and to let us know how we can be of assistance!
PS - Please visit the
Condos For Sale in Vancouver WA page at our website, where we have
made it Easy to search by Neighborhood for Condos, with listings for condos from
the entire RMLS. You do not have to Sign-up to view Condominiums and
PPS - Don't wait any longer with your Condo Selling or Buying Plans - Call Us Soon!
The statistical charts for Vancouver WA Condos in this report (prepared by Vancouver WA Condo Realtor® John Slocum, our resident statistician) are based on condo sales recorded in the Vancouver MLS system (RMLS), excluding sales of newly constructed condos; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average. The "smoothing" of the relatively sparse-data helps to better illustrate the short-term and longer term trends in Vancouver's Condominium market.
Disclaimer: as with all real estate statistics, we do our best to provide the best representation at the time the data was acquired. We deem the data and reports reliable but not guaranteed.